E9.2 Tax & Taxable Field - Standard Voucher Entry

[jbden85]

1. I have a doubt regarding Taxable amount & Tax amount when you create a standard PV with Tax
2. What i don't understand is how JDE is calculating those field because of the following
   1. Gross Amount = $ 2000
   2. Taxable amount = $1652.89
   3. Tax Amount = $347.11
3. I know Taxable amount +Tax amount = Gross amount , however my Tax rate = Gral 21% & Tax Ex=V
4. My tax rules are : % Warning=2 & Error=10
5. If i try to get the % is not the same, it looks like Tax amount is calculated like 17.36%
6. Hope someone can help me on this doubt.

 

[Kim Schmidt]

The tax amount of $347.11 is 21% of the taxable amount $1652.89, so the invoice amount of $2000 is inclusive of the Value Added Tax. Or looking at it a different way, $2000 is 121% of the taxable amount.

 

[jbden85]

The tax amount of $347.11 is 21% of the taxable amount $1652.89, so the invoice amount of $2000 is inclusive of the Value Added Tax. Or looking at it a different way, $2000 is 121% of the taxable amount.

Thank you kim i saw what i was doing now it's clear!!!

 

[visiguru]

Taxable Amount=$2000
Tax Amount = $1652.89
Total Monename N = \frac escape (\Delta _ \leqslant 1 \end \rightarrow \Delta n)